Commercial Products
Fire Damage
Damage to property owned, or for which the insured is responsible, by fire, lightning or thunderbolt, earthquake, water and additional perils.
Theft
Loss of, or damage to, contents at the insured’s permises as a result of theft accompanied by forcible and violent entry or exit.
Money
Loss of or damage to money is defined as cash, bank or currency notes, cheques, postal orders etc. for which the insured is responsible.
Public Liability
Legal liability for accidental death, bodily injury, illness or accidental loss or physical damage to tangible property, which occurred during the course of the business.
Extensions: Product liability and Defective workmanship.
Business Risk
Loss of or damage to specified items described in the schedule while anywhere in the world by any accident or misfortune not otherwise excluded.
Buildings
Damage to property owned, or for which the insured is responsible, by fire, lightning or thunderbolt, earthquake, water and additional perils.
Glass Damage
Loss or damage to internal and external glass, mirrors, sign writing and treatment thereon at the insured premises.
Accidental Damage
Accidental physical loss of or damage to any tangible property belonging to the insured or for which they are responsible at the premises.
Goods in Transit
Loss of or damage to property for which the insured is responsible in the course of transit by the means of conveyance and caused by any accident or misfortune not otherwise excluded.
Loss of Office Contents
Loss of or damage to office contents by perils as described in the fire section, including landlord’s fixtures and fittings and property for which the insured is responsible, including property owned by the employees limited to the stated amount in the wording, whilst contained in the offices, loss of rent, loss of documents, legal liability, increased cost of working.
Fidelity
Loss of money or other property, or direct financial loss sustained by the insured as a result of fraud or dishonesty by an insured employee which results in dishonest personal financial gain for the employee concerned.
Business Interruption
Loss of gross profit from interruption of or interference with the business following a claim under the Fire, Office Contents or Building Combined sections, but only in respect of perils insured under the Fire section, at the premises described in the schedule.
Employers Liability
Damages which the insured shall become legally liable to pay consequent upon death of or bodily injury to or illness of any person employed under a contract of service with the insured.
Accounts Receivable
Loss or damage to the insured’s books of accounts whereby the insured is unable to trace or establish the outstanding debit balances owed to him.
Motor
Loss of, or damage to any vehicle described in the schedule and its accessories and spare parts whilst thereon.
Stated Benefits
Bodily injury caused by accidental, violent, external and visible means to nominated person.
Electronic Equipment
Physical loss or material damage to electronic items specified in the policy.
Machinery Breakdown
Any unforeseen and sudden physical loss of or damage to the insured property whilst on the premises.
Deterioration of Stock
Loss of or damage to insured property specified in the schedule caused by deterioration due to any unforeseen physical loss of or damage to the machinery specified in the machinery breakdown section and indemnifiable under the machinery breakdown section in force.
Internal Risk
Provides cover in respect of risks arising on the insureds premises in resprect of liability for injury to persons or damage to property b ut excludes liability or damage resulting from Fire, explosion or lightning or any consequence of theft or any attempt thereat.
External Risk
Applies to vehicles in possession of the Motor Trader (excluding own vehicles) whilst such vehicles are away from the premises within the territorial limits of the section. Third party Liaiblity arising out of the negligence of passengers is included.